There are expert advisors. We call them bots.
And this is Alphabot.
Alphabot for MetaTrader4 is here: https://www.mql5.com/en/market/product/41549
Every trade has fixed Stop Loss and Take Profit.
NO Martingale / Grid involved.
Alphabot is designed for ForEx currency pairs only. It was NOT checked on Shares / Stocks / Metals / CFDs etc.
- The smaller the spread, the better.
- No Exotics.
- No pairs with spread bigger than 1/3 of Take Profit or Stop Loss.
Time Frame recommendations
Time Frame of the chart does not matter for real life execution.
Use M1 for backtesting in strategy tester, because it guarantees the best ticks simulation quality.
Lot size recommendations
There might be multiple orders at the same time on every pair.
Every trade is managed individually. This is NOT a grid. You can always limit Max number of trades in Alphabot inputs.
One signal => One trade.
Total lots opened can be up to (Max Number Of Trades) * (LotSize) * (Pairs Number). Select the Lot size and Pairs number to be sure that you have enough margin to open this number of lots.
I am planning to further develop this project using my own ideas and valuable inputs / feedback from the users. Please, do let me know if you have some comments or requests which can help make Alphabot even better. I am listening.
I am a professional developer with 7+ years of MQL programming experience and 1000+ performed job orders as a freelancer.
Now my full time job is to create professional solutions for traders.
* Added Day filters. Now users can disable opening of new trades during certain days
* Added Time filters. Now users can set up to 2 allowed trading time windows. If none of them is enabled, trading is allowed during all times